It is rather tough to find a good small / mid-cap ETF with a focus on Canadian equities. There are really only about four that are considered to be Canadian Small / Mid Cap Equity ETFs. Sadly, this is the best option. Essentially, it provides exposure to the Canadian traded companies that are part of the S&P/TSX Composite Index, but are not part of the S&P/TSX 60 Index. Because of this, it tends to skew somewhat mid-cap, with an average that is about five times that of the S&P/TSX Small Cap Index. If you absolutely require an ETF for your small / mid cap exposure, this would be the one to use. However, if you are willing to consider mutual funds, I believe you may be better off looking at something like CI Cambridge Pure Canadian Equity Fund (CIG 11109), IA Clarington Canadian Small Cap Fund (CCM 520), or the Sentry Small Mid Cap Income Fund (NCE 721). Each of those offers what I believe to be a more compelling risk reward profile than this or any of the other available small / mid cap ETFs.